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EDS Directors Delay Bid for Feld

Proposed Deal Is Held Up
Amid Concerns Over Ties
Between 2 Top Executives

By

Gary McWilliamsStaff Reporter of The Wall Street Journal

Updated Nov. 7, 2003 12:01 a.m. ET

Electronic Data Systems Corp. directors, concerned about the appearance of a conflict, have held up a proposed acquisition of a small technology-consulting firm, according to people familiar with the situation.

EDS Chairman Michael H. Jordan, who recently took the job after his predecessor was forced out seven months ago for poor performance, has asked the board for permission to buy closely held Feld Group, of Irving, Texas, for a range of $60 million to $100 million, according to the people. Mr. Jordan wants to use some...